When you’re preparing your property to rent, there are three areas that require attention. By following the checklists below, not only will you fulfil your legal obligations but you’ll also increase the value of your rental and enjoy greater returns on investment.
Presentation
You’d be amazed to know how much first impressions can impact your rental price. The cleaner and more welcoming your property is perceived to be, the more tenants will be willing to pay.
- Consider whether property inspections will be furnished or unfurnished. Beautiful, minimalistic furnishings can help prospective tenants imagine what it would be like to live in the home.
- Invest in professional cleaners to ensure the kitchen, bathrooms, windows and carpet are immaculate.
- Tidy the garden so prospective tenants can envision spending their time there.
- Consider any small refurbishments that could significantly increase your rental price and encourage tenants to stay long-term.
- Ensure your property is presented to the standard you would like maintained. Tenants will adhere to the initial presentation as a benchmark for their day-to-day lifestyles.
Repairs & Maintenance
In most cases, tenants are not required to finance repairs, especially if the damage was pre-existing. Rather than dealing with request after request whilst the property is being leased, you can prevent increased costs from further damage by making repairs prior to inspections.
- Tenants will examine the whole property, so make sure it is in tip-top condition from the letterbox to the clothesline.
- A fresh coat of paint where necessary can transform how your property presents.
- Decide who will be responsible for maintaining the garden, and ensure any hazards such as overhanging trees are taken care of.
Safety
When renting out a property, there are a number of statutory obligations that must be met to ensure the safety and wellbeing of occupants. Your property manager can advise you on these matters and complete the required checks and documentation on your behalf.
- Smoke alarms must be compliant
- Heating and Air Conditioning must be safe and adequate
- Appliances must be tested and tagged
- Lights, light switches and power points should be in safe working order
Request an appraisal
If you’re considering renting your property, an experienced property manager can help you get more value out of your investment. The knowledgeable team at Salamanca Realty has an impressive track record of achieving substantial increases in rental prices by completing the tasks listed above to the highest-quality standards. Find out how you can earn more, request an appraisal with Salamanca Realty today.
